Home>Make 'em an offer: entrepreneurs can save big bucks bidding for equipment on eBay. Learn which strategies work best Make Money Online Back To Snippet Back To SITEMAP Make 'em an offer: entrepreneurs can save big bucks bidding for equipment on eBay. Learn which strategies work best CONSUMERS AREN'T THE ONLY SHOPpers loving eBay. Entrepreneurs from dozens of industries regularly sit in on eBay's online auctions in hopes of getting good prices on the equipment and supplies they need to operate and grow their businesses. In fact, business buying on eBay doubled last year to an estimated $2 billion in global gross merchandise sales, according to the San lose, California, online auction giant. Not surprisingly, businesses use eBay because they can score great deals on business equipment. Entrepreneurs are also flocking to eBay because of its global reach, which gives them the opportunity to search for merchandise among millions of vendors worldwide without ever leaving their desks. "EBay is a very popular place now for small businesses to look for new and used equipment beyond their local areas because of the selection and price--two important considerations for any small business," confirms Jim "Griff" Griffith, dean of eBay education. According to an AC Nielsen study commissioned by eBay and released in March 2004, 10 percent of the small businesses that buy on eBay have been in operation less than a year; and 27 percent have been in existence between one and four years. In addition, almost half of the small businesses that use eBay are homebased. Seventy-seven percent of business owners who use eBay are male, and almost 39 percent are under the age of 40. ...
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